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FAQ

Is Cardfight!! Vanguard easy and enjoyable to play?
Cardfight !! Vanguard is Simple and fun game to play.If you like Card games, then CF Vanguard is for you.You can learn Card fight Vanguard form this link learn to Play CfVanguard | CF-Vanguard Australia.Or you can watch Cardfight Vanguard Tutorial on Youtube
Why is China wealthier than Thailand, Indonesia, and the Philippines even though the latter three were never Communist?
I am Thai, so I’m mostly familiar with Thailand. I do know a little bit about Chinese history and have travelled to China. I can comment on the differences between China and Thailand.Firstly I would say the key differences (and very important one) is the level of political stability and government corruption. Despite not having been colonised and not being a communist country, Thailand doesn't have a stable & effective democratic institution like other Western democracies. The kind of democracies we have in Thailand isn't much to be proud of (I'm ashamed to say this as a Thai person).Corruption is very rampant. Thailand was ruled by various military governments. I was born in the late 70s. In my lifetime there had been four military coups, two failed coup attempts and 19 prime ministers. The constitutions were rewritten a few times. Thailand is now ruled by a self-appointed military junta government.Political reforms in Thailand (and perhaps in the Phillipines and Indonesia) didn't really started until the 1990s. We all know about how ‘people power‡ uprising in the Phillipines and Indonesia toppled big men like Marcos and Suharto. The same thing happened in Thailand in 1992. Other countries that benefited from economic growths have had pretty stable government and visionary leaders eg. Mahatir in Malaysia, Lee Kuan Yu in Singapore.Thailand only recently had civilian elected governments. The political landscape is quite messy. We have people from the opposite sides of the political spectrums (red vs yellow shirts) going at each other at street protests. It calmed down a lot since the janta came to power. However, I don't see this kind of mass political unrest happening in China.In terms of economic development, both China and Thailand are considered Newly Industrialised Countries. They both have export based economies (China ranked no.1 Thailand ranked no.21). Thailand has done a good job in alleviating poverty and so does China. Thailand per capita GDP (PPP) is just slightly ahead of China, but I think China will probably overtake Thailand soon.Thailand has a large manufacturing sector, particularly auto manufacturing, electronic components, computer hard drives etc. Also contrary to common perceptions, the tourism sector in Thailand represents only about 10% of the GDP.China’s economic miracle can be attributed to one man, Deng Xiao Ping. He opened up China to foreign trade & investments and set up Special Economic Zones. He also negotiated with Margaret Thatcher a successful handover of Hong Kong from the British in 1997.In comparison, Thailand's economic development has been a big roller coaster ride. In the 80s and early 90s Thailand was the world’s fastest growing economy with double digit growths. The bubble burst in 1996–1997 causing the collapse of the financial sectors. Some local banks were acquired by overseas banks. The floating of the Thai Baht in 1997 caused the currency to plunge by 30–40% against the $US dollars and triggered the Asian economic crisis. $US17 Billion bailout termed was agreed with the IMF. There was a period of austerity however all the loan was repaid to the IMF (and earlier) by 2021. Thailand now has the second largest foreign reserves in ASEAN after Singapore.In terms of wealth distribution, Thailand’s development is largely focussed around Bangkok and the Eastern seaboard. For historical reasons the country was always ruled from the capital. I see more of the rural regions undergoing development in the last 10 years. I don't know much about China in this regard. I have only ever visited large cities such as Beijing, Shanghai, Shenzhen, Guangzhou. They are quite comparable to Bangkok.Overall, I think if there's a reason why China is wealthier then I think it simply come down to political stability and the focus of economic development ie. more focus on urbanisation in China which comes with greater economic opportunities. Also don't forget China is the world’s third largest country with population of over a billion compared to Thailand’s 64 million and for a country the size of California. China definitely has a larger political and economic clout.
What are the underlying principles of ETFs? Why were they created in the 90s? Why are a lot of investors interested in ETFs?
In January of 1993 the American Stock Exchange (“AMEX”) launched the first ETF in the U.S. using the brand name “SPDRs”. This name was given to the product by Nate Most and Standard and Poor’s. Nate Most an ETF pioneer, was a commodities futures trader who would often deal with commodity depository receipts which represent the ownership of a defined unit of commodities within approved warehouses. Nate decided that the product would be benchmarked to the most followed equity index in the U.S.: the S&P 500. By combining the properties of Commodities Futures Trading Commission (“CFTC”) depository receipts and of equities, the Standard and Poor’s Depository Receipt (or SPDR) was approved by the Securities and Exchange Commission (“SEC”) in 1993.The first ETFs were created as a helpful tool for the 600,000+ registered securities representatives.The first index funds have been launched in the 1970s, for example Vanguard formed the Vanguard Index Trust in 1975.By the 1990s RIAs have been trying to give exposure to the performance of the S&P 500 for a portion of their client's assets. The choice would have been either to buy an index fund that was tracking the performance of the S&P 500 or for certain managers who had different ideas on the future sector performances the choice was to buy 500 stocks.Sector PerformanceSector WeightingsSource: Bespoke Investment GroupSource: Siblis ResearchThe S&P 500 uses a market cap weighting calculation methodology which allowed to fully capture and ride the dot com bull and bust as we entered the new milleniaSource: Bespoke Investment GroupState Street came up with the idea of offering their SPDRs one for each sector allowing investment advisers that were interested to recreate the S&P 500 using different sector weightings to now pay only 10 transaction fees (one for each SPDR) instead of 500 transaction fees.Et voila…
Jazz albums of the 1960s. Is there one in particular that you listen to over and over?
You can’t go wrong with anything Miles did between 1963 and 1969, but my go to recording for this particular era is the Complete Miles Davis Quintet on Columbia from 1965–1968. You really get to see how the band transitioned into fusion and it’s an engaging listen despite the 7-hour running time (albums collected in this set are ESP, Miles Smiles, Nefertiti, Sorcerer, Miles in the Sky, half of Filles de Kilimanjaro, and outtakes from the Water Babies and Circle in the Round compilations).A Love Supreme (Coltrane) is a perennial favorite and is my go-to if I want my sixties jazz a little freer, but also within the confines of a small ensemble. Plus, I rank it very high on my jazz albums list.Mingus‡ Black Saint and the Sinner Lady is always a cathartic experience, but whenever I move back into jazz, it’s one of the first I pick up.Other favorites in continuous rotation are:Speak No Evil (Wayne Shorter)Go (Dexter Gordon)Rip Rig & Panic (Roland Kirk)Out to Lunch (Eric Dolphy)….I give big amounts of credit to Sun Ra’s Atlantis, Albert Ayler’s Spiritual Unity, Ornette Coleman’s Free Jazz, and Cecil Taylor’s Unit Structures, all masterpieces, but you have to be in the absolute right frame of mind and setting to listen to those. They require that much of your attention….and respect.
What were Vladimir Lenin's greatest contributions to socialist political thought?
When most people talk about Marxism-Leninism, they have no idea what it means.Marx and Engels talked about dialectical materialism, class struggle and the problems with capitalism, but they did not have a theory for taking power. They believed that somehow the proletariat would rally and seize political power.Lenin saw through this problem, and considered it to be too idealistic. His response was to say “It is too difficult to bring all of the proletariat together to seize power. Instead, there must be a small vanguard party (Vanguardism - Wikipedia) with a small group of people who share a single goal - seizing power.” This party would seize power in the name of the proletariat, and form a dictatorship of the proletariat. Lenin argued that it would take too long for the general public to acquire class consciousness, and in the meantime the capitalists would come up with new ways to enslave and exploit the proletariat. For this reason, the Communist Party must act to seize power NOW.This was what the Bolsheviks did when Czar Nicholas II abdicated in March 1917, and led by Lenin and Trotsky, formed the Petrograd Soviet - Wikipedia against the Russian Provisional Government.During their 10-month standoff against the Provisional Government, Lenin and Trotsky formed a military and group of revolutionaries who seized post offices and train stations in Petrograd, then spread throughout the rest of Russia. Eventually, the Bolsheviks seized control throughout Russia and neighboring republics and formed the Soviet Union (USSR).Lenin’s idea of the vanguard party had opposition within the world socialist movement. The Polish-German socialist revolutionary Rosa Luxemburg - Wikipedia denounced Lenin’s idea of vanguardism, and argued that there should be more democracy at the highest levels of the socialist movement and its leadership. She later went on to found the German Communist Party, and was a leader of the German Socialist Revolution of 1918 - 19, which failed. She was later executed, and her body was thrown into a canal.The fact that the Russian October Revolution led to the foundation of the Soviet Union, which lasted 70 years, while the German Socialist Revolution completely failed to take power showed that Lenin’s belief in vanguardism was correct.In all cases where socialist (Communist) movements seized power, the Communists were a comparatively small part of the population, but because they had good leadership with clear goals, they were able to seize power.This was Lenin’s contribution to the socialist movement and socialist thought.
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